My husband opened a business 2 years ago, but it has been very slow to make profit. We want to open a retirement fund in relation to our new business, it is an LLC with no employees. This year it only made $1500 in sales and my husband has not instituted any salary for himself (yet if at all). As we both work full times jobs elsewhere and contribute to our 401k’s fully, we are looking for a way to open a retirement account based upon the LLC where we can contribute more to retirement funds. Is there a way to structure the LLC retirement fund so we can contribute post tax salary based income? We both make too much for IRA contributions. Any guidance is appreciated, we are finding the SEP IRA, salary tradeoff confusing.
Submitted November 15, 2017 at 11:51AM by Dehoskin http://ift.tt/2iWSUvG
